Productivity Rises On Output in Q2, Capping Wage Growth

Productivity shrugged off Q1's winter chill with a 2.5% annualized rise in Q2, following a 4.5% downwardly revised drop in Q1, the Labor Department said. It kept unit labor costs more subdued, after Q1's upwardly revised 11.8% spike. Hours worked accelerated at a 2.7% pace after a 2.1% increase in Q1. That's the biggest rise in more than 2 years. Output climbed 5.2% in Q2, more than reversing the ...

Economy is a subscriber feature. Take a free trial now to get instant access.

Try the Digital + Weekly Print Combo and enjoy the best of both worlds!eIBD is available after market close to give you a head start on the next day's market action. Plus, you get the Weekly Special print edition delivered right to your home or office!

About Investor's Business Daily

Investor’s Business Daily provides exclusive stock lists, investing data, stock market research, education and the latest financial and business news to help investors make more money in the stock market. All of IBD’s products and features are based on the CAN SLIM® Investing System developed by IBD’s Founder William J. O’Neil, who identified the seven common characteristics that winning stocks display before making huge price gains. Each letter of CAN SLIM represents one of those traits.

Select market data is provided by Interactive Data Corp. Real Time Services. Price and Volume data is delayed 20 minutes unless otherwise noted, is believed accurate but is not warranted or guaranteed by Interactive Data Corp. Real Time Services and is subject to Interactive Data Corp. Real Time Services terms. All times are Eastern United States. *Reflects real-time index prices.